WARNERS BAY is one of the averagely priced suburbs in NSW. Median home prices are $582,700 so a 90% mortgage at level that will mean your mortgage broker will need to find you the best deal possible for a $524,430 home loan.
WARNERS BAY, 2282 is number 787th in a list of the country’s fastest growing suburbs, and number 248th in State. It has had an average population growth of 89.20 over the period between the last two national censuses.
With a median housing loan repayment of $1,780 a month, WARNERS BAY , 2282 mortgage brokers are seeing mortgage holders paying $480 more than 2006.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in WARNERS BAY, 2282 should have seen some difference. While the latest census median annual household figure income is now $54,860, it was $45,562 back in 2006, which is a net increase of $9,297 Subtract from that the median mortgage repayment increase of $5,760 and a mortgage broker’s clients could be up to $3,537 better off each year even without factoring in mortgage rate cuts.